Obermatt

TOYO

NAQ:TOYO · KYG8976D1079
Semiconductors & Semiconductor EquipmentSmall

360

99
EV / EBIT88
Price / Owner Earnings50
Owner Earnings Yield80
Dividend Yield1
Price/Sales100
EV / Gross Profit78
Price/Book86
Return on Capital100
Cash Return on Capital88
Return on Equity99
EBIT Margin91
Gross Profitability85
Cash Conversion71
Accruals59
Owner Earnings Margin64
Sales growth87
Profit growth47
Reinvestment9
Price momentum89
Debt load9
Refinancing3
Debt Payback18
Liquidity64
Analyst ratings100
Opinion Changes50
Price Target Upside73
Market mood19
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

TOYO generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryJapan
IndustrySemiconductors & Semiconductor Equipment
SizeSmall
TypePublic Company
ExchangeNASDAQCM
ISINKYG8976D1079
Last UpdateApr 2, 2026
Themes
Clean EnergyCleanTechUtility Scale Solar

Description

TOYO Co., Ltd. (TOYO) engages in the upstream production of wafer and silicon, midstream production of solar cells, downstream production of photovoltaic (PV) modules, and other stages of the solar power supply chain. The company has established two…

Analysis

Hidden champion

TOYO Co., Ltd. is what we call a hidden champion: a strong business that the market is not pricing as one. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is attractive. You pay 13.9× its owner earnings: the cash an owner could take out each year, which is in the historically attractive zone.

The trajectory is solid and the balance sheet is adequate. The company scores 20/20 on our value-creation score: strong value creator.

What to watch: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
44
2026

All-time high

44

Jun 2026

All-time low

37

Mar 2026

Average rank

41

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
100
Price/Earnings
97
Price/Book
86
Dividend Yield
1
Value (overall)
82

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →